Results 1-8 of 8 for nama segment:7282061
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
Paschal Donohoe: The Deputy is correct that the NAMA legislation lays out the objectives by which NAMA must ensure any transaction meets certain criteria. However, deeming whether the criteria are met is work for NAMA and it then has a relationship with the Comptroller and Auditor General on the oversight of its operations. That is where the key statutory oversight facility is. It is with the Comptroller...
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
Catherine Murphy: ...adhere to that provision? There is quite a bit of anecdotal evidence - and I accept that it is anecdotal - that people are in possession of properties to which loans were attached who were former NAMA debtors and they were not the people who purchased them. I am aware of some of those instances and would be surprised if the Minister was not also aware of them.
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
Paschal Donohoe: ...convictions or prosecutions but I can check to see what has occurred over the last number of years. As I have indicated to the Deputy and as she has recognised, the oversight relationship with NAMA, having regard to the performance of its commercial duties, is anchored in the work of the Comptroller and Auditor General. I have outlined to the Deputy the nature of the communication that...
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
NAMA Loans Sale
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
Catherine Murphy: 5. To ask the Minister for Finance his understanding of section 172 of the National Asset Management Agency Act 2009; if he is satisfied that in the case of a NAMA sale (details supplied) the interpretation of section 172 of the Act was correct; if questions have been raised by him regarding the application of section 172 in this particular case; if NAMA has sought to clarify its...
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
Catherine Murphy: In the case of NAMA's sale of Project Nantes is the Minister satisfied that the interpretation of section 172 of the NAMA Act was correct? Were questions raised with the Department of Finance? Did NAMA engage with the Department on the interpretation in this particular case?
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
Paschal Donohoe: Section 172(3) of the National Asset Management Agency Act 2009 is a legal provision preventing assets held as security for loans acquired by NAMA from being sold back to defaulting debtors or persons acting on behalf of defaulting debtors. To ensure compliance with this section, I am advised that NAMA has a policy of obtaining written confirmation from purchasers of NAMA-secured assets...
- Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)
Catherine Murphy: When the NAMA Act was introduced was it not up to the Department to set out the criteria? If that is the case, why did it not happen? If it had happened, there would have been a separation. Is the Minister satisfied about the aspect of full disclosure? Surely the Minister or his officials have engaged with NAMA on the matter, given that it is controversial. This is not about interfering...